Speaking at an all-hands meeting last Thursday, the day after the chipmaker reported another quarter of record results, Huang reacted sharply to reports that some managers inside the company were urging teams to dial back their AI use. Business Insider listened to the meeting. "My understanding is Nvidia has some managers who are telling their people to use less AI," Huang said. "Are you insane?"
This morning, the U.S. Department of Commerce announced September retail sales data, which showed sales began slowing even before the government shutdown through the economy for a loop. Sales increased 0.2% in September nationwide, slower than August's 0.6% gain. Worse, essentially all the increase in September "sales" came in the form of price hikes on products. Prices rose 0.3% in the month, and if you back out that increase, shopping-sales actually declined 0.1%.
GPU giant Nvidia acknowledged that the update caused dips in gaming performance for some and has pushed out a hotfix based on version 581.80 of its Game Ready Driver. First spotted by Windows Latest, the hotfix is a quick and dirty (or, in official parlance, "run through a much abbreviated QA process") patch to address some specific issues. In this case, the Windows 11 October update is slowing down games.
With Nvidia (NASDAQ: NVDA) earnings on the horizon at 4pm EST today, it seems that nearly all markets are desperately waiting for the behemoth to let us all know how they did, and what they think the future will hold. Without any major macro events for quite some time, BTC's near term price action will be foreshadowed by the Q3 earnings call, as BTC has had quite a significant correlation to NVDA in the past few years.
This is all about deepening our commitment to bringing the best infrastructure, model choice and applications to our customers, Nadella said on a video call with the other two executives, adding that it builds on the critical partnership Microsoft still has with OpenAI.